GBPJPY just rebounded but if the Indices don't follow through, weakness could continue.
GBPJPY is up 0.5% for the day and the week, just around 155.00. The pair fell recently on account of the market’s risk-off positioning.
The RSI is positive on an intraday basis, but the values are still weak as the pair is finding resistance on the weekly +0.5% weekly Pivot at 155.12.
We opened a short position in view of a continuation of the descent towards the weekly -0.5% Pivot at 153.58.
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